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Regulation of the installment market

Uzbekistan is analyzing the possibility of obliging organizations that provide loans for the purchase of consumer goods with subsequent payment in installments to transfer information about these installments to credit bureaus. This is due to the fact that the debt attracted by buyers remains outside of bank regulation, so they do not have the necessary information about the real credit load of the consumer in case of granting him a loan or microloan. In world practice, if an installment is granted for a period of more than one year and if there is a difference between the amount of the installment and the final payment, it falls under state regulation. The KPMG study indicated that in 2023 the market of POS-financing (payment after receipt of goods) and installment payments in Uzbekistan is estimated in the range of USD 450-500 million.    

22 January 2025 981

Apple named most expensive brand in the world

Apple is the world's most valuable brand for 2025, a testament to its ability to balance global reach and investment. The “Brand Finance” platform estimates Apple's brand value at $574.5 billion. According to Brand Finance research, on average, more than 80% of consumers are familiar with the brand in all markets studied, and 45% of consumers would consider using Apple-branded products or services.   Apple, whose cross-country reputation score is 7.7 points, is the brand with the highest reputation according to research in several markets among consumer electronics brands. As the company overcomes regulatory challenges and develops new niches, its unique value proposition will remain central to its sustainability.

22 January 2025 706

WB: Uzbekistan needs to reduce the influence of monopolies.

The development of Uzbekistan's key service sector has slowed down, the World Bank said in a report. In this regard, the WB recommends improving the country's links to external markets by reducing monopolies in telecommunications, aviation and railways, as well as easing requirements for localization of personal data and supporting ICT training. In Uzbekistan, the services sector accounts for more than half of all jobs and has been central to the process of structural transformation over the past three decades. In the past decade, the growth of Uzbekistan’s services exports has lagged behind its manufactures exports while FDI greenfield announcements to both sectors have been even. In this regard, the WB recommends liberalizing service markets by reducing the role of state monopolies in the telecommunications, air, and rail transport sectors.

15 January 2025 729
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